Market Technical View is a blog that mostly concerns the technical analysis of different financial instruments like indices, commodities, stocks, ETFs and currencies.

All the posts are structured in 3 main chapters that can be found in Content, in the upper right-hand corner of the blog.

Market perspective. The technical approach consists of chart patterns and important support/resistance zones. The purpose of this section is to give directions of the price on short and medium term (a few days up to a few months).

Trading setups. The analysis posted here will provide trading scenarios based on different technical tools.

Romanian Market. This is a section dedicated to Romanian stocks and indices.

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Monday, January 30, 2012

SIF Transilvania (SIF3) Technical Analysis 2012.01.30

On medium term (a few months) SIF Transilvania (SIF3) looks bullish, having higher highs and higher lows.

The current trading zone is a resistance area, due to previous important highs. The market is characterized by T1 trend line (as support) and 0.6100-0.6300 RON (as a resistance area). The break of the price in each direction will give further clues of direction for the next weeks and even months.

The daily support is at 0.5875 RON and this, combined with T1 trend line is giving a strong support for the price.

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